industrial output

India’s industrial output in 2021-22 rebounded from Covid lockdown to surpass pre-pandemic levels

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India’s industrial output in 2021-22 rebounded from Covid lockdown to surpass pre-pandemic levels

New Delhi: India’s industrial output bounced back strongly in 2021-22, the year following the nationwide lockdown in response to the COVID-19 pandemic, with output surpassing even the pre-pandemic years, according to the government’s survey on the industrial sector released Monday. The Ministry of Statistics and Programme Implementation (MoSPI) Monday evening released its Annual Survey of Industries … Read more

The fastest growing large economy in a slowing world, finds UN report

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The fastest growing large economy in a slowing world, finds UN report

New Delhi: At a time when the global economy is set to see a “protracted period of low growth”, India remains a bright spot, not only retaining its position as the fastest-growing large economy but also bucking global trends of contracting manufacturing activity and investment slowdowns, according to a new United Nations report. The UN … Read more

IIP growth slows to 5.8% in September as demand drops

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IIP growth slows to 5.8% in September as demand drops

NEW DELHI: Industrial output growth slowed in September after posting a 14-month high growth in the previous month as the manufacturing sector, consumer durables and non -durables remained sluggish, pointing to some slowdown in demand. Data released by the National Statistical Office (NSO) on Friday showed the index of industrial production (IIP) rose 5.8% in … Read more